The pandemic has further boosted the e-commerce industry and, the logistics and warehouse sector might reap the benefits of online shopping and cashless transactions. Given this, a property consultancy firm forecasts demand in warehouses in the coming year. Also noting that the warehouse industry accounts for 70 percent of the country’s economic output.
Warehousing in the Philippines is the most cost-effective way to easily distribute goods. These warehouses offer a large inventory space and an effective management process all at an affordable price. There are a number of trusted warehouses scattered all over the country.
And the booming warehouse sector in the country is expected to drive demand for more logistics services. This means that these logistical factors have nowhere to go but up.
The Philippines logistics and warehousing market has evolved in recent years with increased trade activities in the country. And the competition in the Philippines freight and logistics market is highly fragmented with the presence of many local and international logistics service providers. Some of the existing major players in the market include – DHL, Yusen Logistics, 2Go Express, LF Logistics, and many more. This is why it is important for logistics companies to upgrade their operations and implement a digitized solution in order to keep up with the competition.
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